Posted by: 11 november, 2021
Fitch says: Ipoteka Bank’s ratings will likely to be unaffected by potential sale of controlling stake to OTP
The agency’s analysts specify that current rating at 'BB-' with a “Stable” outlook considers the bank's majority state ownership, moderate systemic importance, current role in the government's economic and social policy, the low cost of potential support relative to sovereign international reserves and a record of capital and liquidity support from the state. Moreover, the bank's significant franchise in SME and mortgage lending, a solid capital cushion, and moderate profitability are also considered as factors of assessment.